Can Aurora Cannabis Stock Rebound in 2020? [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Aurora Cannabis(NYSE:ACBThe rate at which Aurora expanded after Canada legalized medical cannabis in October 08 convinced everyone that it could become the top player in this growing industry. However,some of its own mistakes -- going too fast, too soon; spending money on expansions and acquisitions without paying attention to rising debts -- along with external headwinds brought Aurora's stock down more than 78% from its March 09 highs.So far, 00 has somehow been lucky for the company, which does seem to be on a path to recovery. Let's shed some light on its efforts this year.Image source: Getty Images.The cost-cutting measures continueAurora expects that what it calls its "facility rationalization plan" will help it reduce expenses and improve margins. In June, it announced the closure of five of its smaller facilities, and it also intends to merge several other facilities into one by the second quarter of 0, while ramping up operations at its Nordic facility in Europe. These change
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High impacting Aurora Cannabis Inc. - Common Shares news events
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ACB
News
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
- ACB, BRNS and EDUC among mid-day movers [Seeking Alpha]Seeking Alpha
- Is Aurora Cannabis Set to Take Off After Soaring 39% in the Past Month? [Yahoo! Finance]Yahoo! Finance
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website